UXIN - Uxin Non-GAAP EPS of -$0.01 revenue of $50.1M; initiates Q1 outlook

2023-08-14 06:11:05 ET

• Uxin press release ( NASDAQ: UXIN ): Q4 Non-GAAP EPS of -$0.01.
• Revenue of $50.1M (-32.0% Y/Y).
• Transaction volume was 3,607 units for the three months ended March 31, 2023, a decrease of 26.3% from 4,897 units in the last quarter and a decrease of 14.7% from 4,231 units in the same period last year.
• Retail transaction volume was 2,259 units, a decrease of 22.8% from 2,928 units in the last quarter and an increase of 22.2% from 1,848 units in the same period last year.
• Outlook: For the three months ended June 30, 2023, the Company expects its retail transaction volume to be around 1,600 units and the average selling price ( ASP ) for retailed cars to be around RMB111,000. The Company also expects its wholesale transaction volume to be around 1,600 units with an expected ASP of around RMB61,000. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to be within the range of RMB270 million to RMB290 million. The Company expects its GP margin to be greater than 6%. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to changes.

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